A large cryptocurrency owner suddenly sold Ethereum tokens, which increased his profit by 446 times

One of the largest holders of Ethereum, who bought the cryptocurrency back in the Сатоші Накамото" href="https://noworries.news/biography/satoshi-nakamoto/" data-bio-id="4232">Satoshi Nakamoto era, has started selling his assets. In 2016, he purchased more than 16,000 ETH at $ 5.23 per unit. The last sale of 350 ETH at $ 2,340 each brought him a huge profit — his investment increased 446 times. This sale comes amid a certain decline in activity in the Ethereum ecosystem, which may affect the future price.

Analysts are monitoring the whale’s further actions. The decision of such a large investor can cause fluctuations in the market.

The initial purchase was made as part of a strategy where large investors, the so-called whales, usually buy assets in the early stages when the price is low. However, the sale of part of the assets indicates possible changes in its attitude to the long-term prospects of cryptocurrencies.

At present, the overall dynamics of the cryptocurrency market remains unpredictable, and such actions by major players may be a signal to other investors. The decline in Ethereum network activity and the decrease in token burning adds to the uncertainty in the market. Such sales may affect the overall liquidity of the cryptocurrency and cause temporary price volatility.